62 sats \ 2 replies \ @Malachi17 12 Mar \ on: AMA - Danny Diekroeger Founder of Deezy Labs - Ordinals, Lightning, and More AMA
Not really a question as such, but this ordinals stuff reminds me of the ole "It's turtle shells all the way down." I guess a good question would be what keeps one from nesting ordinal worth into a secondary tier of ordinal worth and so on?
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196 sats \ 1 reply \ @dannydeezy OP 12 Mar
I'm not really sure what you mean. I'm not aware of any "nesting" of ordinals like that. There are some really dumb protocols people are trying to build on top of ordinals, but I think those will mostly die and not be respected by the market.
Ordinals are a very simple system, and any value that is ascribed to a particular satoshi is entirely subjective and determined by market forces
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72 sats \ 0 replies \ @Malachi17 12 Mar
Yeah, you basically hit on it with the "dumb protocols". I was just using the nested ordinals as an example of something I'd view as silly. I find it interesting people are valuing sats on the basis of perceived number order.
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